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The Yes price has surged 25% in the last 24 hours and 295% in the past month to trade at $16.85 as of 7:30 a.m. EST on a 194% surge in trading volume to $58,147.
Yes Price Spikes Within A Falling Channel
The Yes price is trading within a falling channel pattern. However, the bulls drove the price up to the upper trendline of the falling channel. The support zone at $13.07 has provided a strong platform for the bulls as the price bounces twice before the upward push.
Currently, the price is hovering around $16.18 near the upper trendline of the channel. If the price breaks above the falling channel, the bulls may drive the price to reclaim its previous high at $27.13.
YESUSDT Analysis. Source: Tradingview
The YES price indicators are also showing some interesting trends. The Relative Strength Index (RSI) is in a downtrend but still above the 50 mark. With the increased momentum, the RSI could jump into the overbought territory of 70, indicating ongoing bullish momentum in the YES market.
The price is also trading above the 50 and 200 simple moving averages, which is a good sign of support. Additionally, a moving average crossover at $5.06 might give the bulls the push they need to break above the falling channel at $16.18.
The Moving Average Convergence Divergence (MACD) is trending upwards, with the blue line crossing the orange signal line, signaling bullish sentiment. The MACD histogram is in positive territory, further backing up this optimistic outlook.
Yes Price Gears Up For A Bull Rally
For traders considering long positions on YES, wait for the price to achieve a stable candlestick close above the falling channel at $16.78. If this is achieved, the bulls will have the opportunity to drive the price to a new high at $27.18.
On the flip side, if the price slips below the back to the channel, the bears might take advantage and drive the price down, forcing the bulls to retreat to $13.28.
The Next 100X GameFi Crypto?
While investors are very optimistic about the YES price outlook, they seem equally upbeat on Solana GameFi project Mega Dice (DICE), which has already raised more than $1.37 million in its presale.
$DICE presale has raised $1.3 Million 🚀
Current tier price: 0.075 💰
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— Mega Dice Casino (@megadice) June 3, 2024
Mega Dice uses cryptocurrency and cutting-edge technology to make your online casino experience smoother and more secure. By incorporating cryptocurrencies, the platform ensures faster transactions and lower fees.
The platform already has over 50,000 players and handles more than $50 million in bets monthly. It also offers over 4,000 games and many sports and eSports betting options.
Score BIG by joining our 6,000 USDT #SportsTournament NOW! 🚀
Compete for 20 thrilling prizes every month, including a jaw-dropping 2,000 USDT grand prize! ⚽
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— Mega Dice Casino (@megadice) May 23, 2024
The project is the first GameFi project on the Solana blockchain and aims to challenge the casino sector titan Rollbit Coin.
Token holders can also earn through the platform’s staking option, with the team setting aside 10% of its total 420 million token supply as rewards.
You can also join the DICE Season 2 Airdrop and grab a piece of the $750,000 prize pool. To qualify, just wager $5,000 or more between May 15 and June 28.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
According to the 99Bitcoins YouTube channel, with more than 700k subscribers, DICE could 100X after launch.
If you’d like to join the presale, you can buy $DICE on the official website for $0.075 per token. You can also earn 10% on any purchases made by investors you refer.
Buy DICE here using BNB, ETH, or SOL.
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